U.S. Morning Call: Japanese stocks plunge 5%; Dow futures up

Thursday, May 30, 2013 - 03:09

May 30 - The Nikkei now down nearly 15 percent from its peak last week on worries about growth. Dish Network raised its offer to buy Clearwire, topping a competing bid from Sprint Nextel by 30 percent.

▲ Hide Transcript

▶ View Transcript

And that's. For a moment if the Dow industrial average plunged 800 points well over in Japan that's essentially what happened to indicate overnight. The index to another 5% swan dive lending at a four week low. An -- now officially in correction mode down nearly 15% from its recent peak just one week ago. Japan's dive though not playing out in the US markets where the Dow S&P and NASDAQ all looks set to open higher. Investors and fed watchers awaiting a revised GDP numbers they're expected to hold at 2.5 percent for the first three months of the year. We've also got weekly jobless claims out later and pending home sales at ten. And before we move not a reminder to check out the snaps at the bottom screen for more news today. It's the bidding war would be in a bidding war Charlie -- DISH Network upping its buyout offer Clearwire. -- Sprint's big by almost 30%. Dish would by Clearwire at four dollars and forty cents a share about more than Sprint's deal dining Clearwire at six point five billion dollars. You gotta wonder what Softbank Masayoshi so on makes of August dish wedgie it's Clearwire -- -- -- just two days before at sprint offered goes to a vote. Clearwire shares shot up 23% after the news to stock dropped about 2%. -- go out with some solid results the Bible as opposed -- third quarter profit just to -- analysts' estimates. Membership fees which would cost you about a 110 bucks a year rose 12% to 531. -- in the third quarter. Keep an eye on the stock which -- seen 812% rise so far this year. Warren -- making another purchase this time adding Las Vegas is NB energy to his mid American energy holdings. Help pick up the electric utility for five point six billion dollars is not uncommon for shares -- its target companies to trade slightly above the -- prize. Buffett's buying and beeper 2375. Share and that's -- treating the premarket. Also keep -- I Alcoa trading down slightly in the premarket after Moody's cut the importance mean credit rating to junk. Citing weak prices and a tough market for the company's primary metals business. Some bounce coming out. Get excited well maybe not when you hear this from Motorola. The Google owned company plans to launch a new -- in the US Smartphone. Once dominant cell phone maker tried to make a comeback in hotly competitive mobile market. Good luck making a dent in apple and Samsung's market share and speaking of Samsung unveiled a strict Albert of its galaxy S sports today. Aiming to grab a bigger share in the mid tier customer segment as growth in the high end markets. That's it Thursday morning call remembered follow us on Twitter at latest insider and get -- great videos at buy dot com slash players. I'm an expert part.

Turkey's $26 billion tourism industry has been battered by security fears and political disputes in recent years but one corner of the market is quietly growing - beach holidays for conservative Muslims

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: